TeamLease Services Limited has announced its consolidated financial results for the second quarter (Q2FY27) and half year (H1FY27) ending March 31, 2027. Total revenue grew by 2% year-on-year to ₹3,015 crore in Q2FY27. Profit before tax increased by 2% YoY to ₹29 crore. The company also highlighted strategic moves, including the completion of the Crystal HR divestment and adding 114 new logos.
TeamLease Services Limited Announces Q2FY27 Financial Highlights
TeamLease Services Limited, a prominent player in India’s people supply chain sector, has declared its consolidated financial results for the second quarter (Q2FY27) and the first half of the financial year (H1FY27). The company reported a Total Revenue of ₹3,015 crore for Q2FY27, marking a 2% increase compared to the same quarter in the previous year (Q2FY26). Profit before Tax (PBT) saw a 2% year-on-year growth, reaching ₹29 crore.
Key Financial Performance Indicators
In the second quarter of FY27, Operating EBITDA grew by 5% year-on-year to ₹42 crore. For the half-year period (H1FY27), Total Revenue stood at ₹6,142 crore, up 4% from H1FY26. Operating EBITDA for H1FY27 increased by 11% year-on-year to ₹82 crore.
Strategic Business Updates
The company highlighted several key achievements for Q2FY27. A notable strategic move was the completion of the Crystal HR divestment, which was executed with no loss on capital investment. TeamLease also reported strong business development, adding 114 new client logos across all its business segments. The company ended the quarter with a healthy cash position of ₹350 crore in net free cash after buyback outflows.
Business Segment Performance
General Staffing revenue saw a slight decrease of 2% year-on-year, while Degree Apprenticeship revenue declined by 22%. However, Specialised Staffing revenue grew by 9% year-on-year. The HR Services segment revenue increased by 15% quarter-on-quarter driven by EdTech offerings.
Source: BSE
